The SEC’s request for amended Solana ETF S-1 forms signals an active review and an expedited timeline for potential approval.
Staking is expected to be included in SOL ETFs, with Marinade Finance chosen as a provider, marking a first in U.S. markets.
Analysts predict that if approved by July, Solana ETFs could open the door for broader crypto ETF developments.
The U.S. Securities and Exchange Commission has requested issuers of Solana exchange-traded funds to submit amended S-1 registration forms. This directive is seen as a key step in advancing the agency’s review of SOL-based financial products.
Analysts monitoring the situation believe this move could bring Solana ETF approvals earlier than expected. According to Bloomberg’s James Seyffart, the SEC may greenlight the ETFs as early as July 2025. However, final decisions could still extend toward the end of the year.
Focus Shifts to 19b-4 Filings and Staking Integration
The SEC also prioritizes the 19b-4 filings, which address rule changes required for ETF listings. This focus could shorten the approval timeline. Importantly, the inclusion of staking in these ETF offerings adds another dimension to the ongoing regulatory review.
Marinade Finance, a staking platform in the Solana ecosystem, has been selected as the staking provider for the Canary Marinade SOL ETF. This ETF will be the first in the U.S. to feature a staking component, potentially allowing investors to earn staking rewards through their ETF holdings.
Regulatory Approach Shows Signs of Flexibility
The SEC’s recent steps indicate a more adaptable stance toward cryptocurrency-related financial products. By allowing staking mechanisms and actively working with amended S-1 forms, the agency appears open to supporting blockchain-based investment offerings within a regulated framework.
The potential approval of Solana ETFs is expected to impact the broader altcoin market. If successful, other cryptocurrencies could follow suit, with similar products likely to emerge. Institutional interest may rise, and the move could reshape how alternative digital assets are offered to U.S. investors.
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